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WMT

Walmart reported a 4.7% increase in U.S. Q3 comparable sales excluding fuel, indicating a strong performance in the retail sector.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:07 pm

WMT

Walmart (NYSE:WMT) reported Q3 adjusted earnings per share (EPS) of $1.53, slightly beating the consensus estimate of $1.52. The company's sales for the quarter were $160.80 billion, surpassing the expected $159.55 billion. These figures represent a 2% increase in EPS and a 5.23% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:03 pm

M

Macy's has updated its FY23 adjusted EPS guidance to $2.88-$3.13, a change from its previous guidance of $2.70-$3.20. This new guidance is above the consensus estimate of $2.78.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:02 pm

M

Macy's has updated its FY23 sales guidance to a range of $22.9B-$23.2B, slightly increasing the lower end from the previous guidance of $22.8B-$23.2B. This update is in comparison to a market consensus of $23.11B.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:00 pm

INTC

Over the past 3 months, 13 Wall Street analysts have provided ratings for Intel Corporation (NASDAQ:INTC), with an average price target of $35.15, which is below the current price of $40.92, suggesting a downside. The average target has decreased by 5.43% from the previous target of $37.17. The ratings include 3 bullish, 2 somewhat bullish, 5 indifferent, and 3 bearish opinions.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 12:00 pm

PANW

Over the past 3 months, 31 Wall Street analysts have published their opinions on Palo Alto Networks (NASDAQ:PANW) stock, with 29 expressing bullish or somewhat bullish views, and 2 being indifferent. The average 12-month price target for PANW is $284.0, with a high of $340.00 and a low of $242.00. This target has increased by 12.64% over the past month.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 12:00 pm

F

Ford Motor Co (NYSE:F) CEO Jim Farley announced that Ford and Lincoln customers have achieved 2 million hours of hands-free driving in North America using BlueCruise technology. BlueCruise is available on select models and allows hands-free driving on pre-mapped highways. Ford plans to make BlueCruise hardware standard on 500,000 vehicles in 2024, with models like the F-150 Lightning, Ford Expedition, and various Lincoln vehicles including this feature from the factory.

Portfolio Pulse from Anan Ashraf

November 16, 2023 | 11:59 am

M

Macy's reported a 7.0% decrease in Q3 comparable sales on an owned basis and a 6.3% decrease on an owned-plus-licensed basis. The company's gross margin rate improved by 160 basis points year-over-year to 40.3%, and merchandise inventories were reduced by 6% compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:59 am

GSK

HLN

JNJ

KVUE

SNY

Sanofi SA (NYSE:SNY) is considering spinning off its consumer health division, potentially valued over $20 billion, with Rothschild & Co. advising on the process. The spinoff, expected by Q4 2024, aims to focus Sanofi on innovative medicines and vaccines. Major buyout firms are interested in the division, which includes products like Phytoxil, Icy Hot, and Dulcolax. The move follows similar actions by GSK Plc (NYSE:GSK) and Johnson & Johnson (NYSE:JNJ), who spun off Haleon Plc (NYSE:HLN) and Kenvue Inc (NYSE:KVUE). Sanofi's shares dropped 0.68% in premarket trading.

Portfolio Pulse from Vandana Singh

November 16, 2023 | 11:58 am

M

Macy's (NYSE:M) reported Q3 adjusted EPS of $0.21, surpassing the $0.02 estimate by 950%, but marking a 59.62% decrease from last year's $0.52. Sales reached $4.86B, exceeding the $4.79B estimate by 1.48%, yet down 7.07% from the previous year's $5.23B.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:57 am